Journal – Budget Cycles and Principles of Taxation

To complete this assignment, you will:

1) Compare and Contrast the Federal, state and local level government budget cycles,

2) Describe and identify principles of taxation,

3) Describe the types of taxes government utilizes as revenue to fund expenditures, such as public safety, libraries, parks, general government services.

The purpose of this journal entry is to begin synthesis demonstration of the budget process.

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